4 Ways AI Benefits Enterprise Operations

For every $1 a company invests in AI they get $3.50 average return in 14 months, according to a study conducted by research firm IDC and sponsored by Microsoft. In our last blog post, COOs and AI: Harnessing Technology for Real Results, we talked about how to level-set expectations around using AI for operations. So now let’s focus on defining what kind of benefits can an operations leader expect from their AI investment.

Four Operational Benefits of AI

1. Accelerated Operational Performance and Decision Making
   AI can help identify process inefficiencies, optimize resource allocation, and improve productivity through predictive analytics and real-time data insights. By analyzing historical and real-time data, AI provides a clearer picture of operational trends, enabling your team to make faster, data-driven decisions that positively impact your bottom line.  Leveraging AI allows COOs to deliver more precise operational insights, driving decisions that enhance efficiency, key performance indicators (KPIs), and overall competitive advantage.
2. Reduced Costs and Risk
   Automating routine operational tasks with AI reduces labor costs and improves overall efficiency, freeing your team to focus on strategic initiatives. AI can streamline core functions like demand forecasting, resource planning, production scheduling, and risk management. Additionally, it can identify operational risks by analyzing patterns and anomalies in data, giving you the ability to act before problems arise.
3. Elevated Efficiency and Productivity
   AI simplifies workflows, eliminates bottlenecks, and enhances the efficiency of daily operations. Automating time-consuming, repetitive tasks allows your team to focus on driving innovation and optimizing performance, leading to faster and more streamlined processes.
4. Improved Accuracy, Compliance and Security
   AI systems can process operational data with precision, reducing the risk of human error. AI supports compliance by ensuring adherence to industry regulations and standards, while automated monitoring enhances data security. It also enables real-time reporting and auditing, improving accuracy and reducing the risks associated with manual oversight.
   

Aligning for Change

Effective change management plays a pivotal role in successful AI implementation and digital transformation. Remaining agile and adaptable is essential for long-term success. By promoting a culture of innovation and continuous learning, your organization can emerge stronger and more competitive in an environment of rapid change and transformation.

To ensure a successful journey forward, consider the following key factors:

1. Business Objectives: Prioritize objectives such as customer experience, productivity, revenue growth, and employee satisfaction. Define how you’ll measure the value of these goals.
2. AI Use Cases: Identify and prioritize AI use cases that align with your business objectives.
3. Responsible AI: Review resources on responsible AI usage. Choose models and approaches that best suit your organization.
4. Secure AI: Consider principles for secure AI implementation. Ensure end-to-end data protection from platform to applications and users.
5. Governance and Privacy: Address processes, controls, and accountability mechanisms for AI usage. Understand how AI impacts data privacy and security policies.

Let Velosio Be Your Copilot

Velosio is here to help you navigate AI in Dynamics 365 Finance, Supply Chain Management, or Business Central by exploring capabilities and helping you maximize the technology’s value to your organization. Our close relationship with Microsoft and 30 years of industry experience keep us at the forefront of software developments. We’re here to help you better understand existing capabilities and how to incorporate them into your business.

If you’re ready to start your digital transformation journey and see how AI can help you create more efficient processes and deeper insights, contact us today. Our experienced consultants can answer your questions, provide in-depth demonstrations, and help you discover how this powerful tool can transform your business.